At the stroke of the midnight hour, as the world sleeps, India woke up to a brand new era. An era where taxation is simple. For decades, a system of multiple taxation had haunted us and it had become painfully complex. Starting the 1st of July at 00:00 hours, the Indian Prime Minister Narendra Modi, along with President Pranab Mukherjee launched the GST: The Goods and Services Tax. Let us now take a look at the impact of GST on your family budget:
Impact of GST on Essential Food Items
Impact of GST on Milk Based Products
Impact of GST on Packaged Snacks and Drinks
Impact of GST on Items of Personal Care
Impact of GST on Items of Long Term Purchase
The GST is a long-term strategy, and after years of multiple, complex tax structures, this brings in a fresh breath of simplicity. Stay tuned with us for more updates on GST.